Fonterra Australia managing director René Dedoncker said that improved market conditions and the strength of the Australian business supported the price increase.
"Since the start of this season our milk pool has grown, and our assets are nearing optimal capacity", said Dedoncker.
"Increasing numbers of consumers in our global markets prefer dairy for their everyday source of nutrition, and that is converting into strong demand particularly in consumer and foodservice products", says Mr Spierings.
"The increased Farmgate Milk Price will be welcome news to farmers as they continue to invest in their businesses off the back of an improved 2016/2017 season, with the usual reminder to budget cautiously especially in the early part of the season".
Fonterra Australia warned, however, that the current rally in the Australian dollar was likely to influence the end-of-season milk price, albeit within the forecast range.
On a yearly basis, retail sales climbed 2.1% - unchanged from the previous month but missing forecasts for 2.4%. In addition, the job-to-applicant ratio increased to 1.51 from 1.49, beating estimates of it rising to 1.50.
He has been training for his mission to the ISS since previous year , with his efforts chronicled in the blog of 2nd Lt. Moscow time (15:41 GMT), with the Soyuz MS-05 set to separate from the third stage minutes after the start.
Los cuerpos de seguridad de Venezuela y grupos de manifestantes chocaron este miércoles en varias ciudades del país. La medida afecta también la venta de pasajes en las rutas que conectan a Caracas con Colombia y Perú .
If we checked the overall image of stock during recent quarter then we found that stock performance is trading up 10.51%. Finally, Jones Financial Companies Lllp increased its position in Thermo Fisher Scientific by 0.3% in the first quarter.
Real Madrid, for their part, are reported to have reached an agreement with City on the basis of an 180m transfer. "We decided to make the squad younger and we tried to get the best full-backs possible".
That $1 trillion will be taken from Medicaid, Medicare, SSI and the ACA. "The Senate bill is being written entirely in secret". Originally introduced June 26, it is now in its third version and is nearly certain to be altered further.
A top Senate Republican is preparing a bill that would prevent President Donald Trump from firing Special Counsel Robert Mueller. By statute, the ability to fire a special counsel sits with the attorney general.
CAF to support Morocco bid for 2026 World Cup
He also said that Morocco will receive CAF's backing as they look to become Africa's second World Cup hosts. South Africa is the only African nations to host the World Cup finals, when they staged the event in 2010.
Fallece la leyenda del tenis australiano
La Federación Australiana de Tenis anunció su muerte el lunes por la noche, sin dar detalles sobre los motivos del deceso. Rose , que era zurdo, levantó su primer trofeo individual del Grand Slam en 1954 en Melbourne.
Brexit will hit southern United Kingdom cities hardest
The Liberal Democrats have been the only major party pushing for another referendum on the terms of the Brexit deal. Meanwhile, Scottish and Welsh government ministers are meeting in Cardiff to discuss Brexit legislation.
Potencias y el Papa piden calma ante auge de tensión en Israel
Un hombre palestino mató a puñaladas el viernes a tres miembros de una familia israelí en uno de los asentamientos en Cisjordania. El primer ministro israelí aseguró además que la casa del "vil terrorista será destruida tan pronto como sea posible".
Kim Jong-nam murder trial set for October
Prosecutor Muhamad Iskandar Ahmad said the prosecution would be calling 30 to 40 witnesses, including 10 experts, to testify. The secretive state this month carried out its first successful launch of an intercontinental ballistic missile (ICBM).